Dish Network to Start Accepting Bitcoin Payments

It will continue to accept traditional payment sources

   

Subscribers to satellite TV provider Dish Network (DISH) will soon have a new way to pay their monthly bills.

Bitcoins dish network
Source: Flickr

Dish Network says that, beginning in the third quarter, its customers will be able to pay for their service with bitcoin. In a statement, Dish Network said it would partner with Coinbase to process bitcoin payments. Subscribers who make one-time payments through DISH’s mydish.com will be able to use bitcoin, the Wall Street Journal notes.

Biggest Movers in Services Stocks Now – BKS LGF EJ DISH
Biggest Movers in Services Stocks Now – BKS LGF EJ DISH

In addition to bitcoin, Dish Network subscribers will still be able to make payments through bank accounts, credit cards and debit cards.

A number of retailers have added bitcoin as a payment option.

Dish Network begins its fiscal third quarter on July 1.

In Thursday morning trading, DISH stock rose modestly.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/05/dish-network-start-accepting-bitcoin-payments/.

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